HomeMy WebLinkAboutWaterloo Martin Road Urban Renewal 07016 FYE2024CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION Cover Sheet
CODE OF IOWA SECTION 403.19 TAX INCREMENT FINANCING (TIF) INDEBTEDNESS
CERTIFICATION TO COUNTY AUDITOR
Due To County Auditor By December 1 Prior To The Fiscal Year TIF Increment Tax Is Requested
Use One Certification Per Urban Renewal Area
City: Waterloo County: Black Hawk
Urban Renewal Area Name: Martin Road Urban Renewal
Urban Renewal Area Number: 07016 (Use five -digit Area Number Assigned by the County Auditor)
I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above the
City has outstanding loans, advances, indebtedness, or bonds, none of which have been previously certified, in the
collective amount shown below, all of which qualify for repayment from the special fund referred to in paragraph 2
of Section 403.19 of the Code of Iowa.
Urban Renewal Area Indebtedness Not Previously Certified*:
$ 1,729,096
*There must be attached a supporting itemized listing of the dates that individual loans, advances, indebtedness, or
bonds were initially approved by the governing body. (Complete and attach 'CITY TIF FORM 1.1'.)
The County Auditor shall provide the available TIF increment tax in subsequent fiscal years without further certification
until the above -stated amount of indebtedness is paid to the City. However, for any fiscal year a City may elect to
receive less than the available TIF increment tax by certifying the requested amount to the County Auditor on or
before the preceding December 1. (File 'CITY TIF FORM 2' with the County Auditor by the preceding December 1
for each of those fiscal years where all of the TIF increment tax is not requested.)
A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax received from
the County Treasurer shall certify such reduced amounts to the County Auditor no later than December 1 of the year
of occurrence. (File 'CITY TIF 'FORM 3' with the County Auditor when TIF indebtedness has been reduced by any
reason other than application of TIF increment tax received from the County Treasurer.)
Notes/Additional Information:
Please note that we removed $925,872 in debt reductions and revenue adjustments using Form 3 that did not carry
to this form. Net debt outstanding at 6/30/2024 should be $6,941,442.95.
Dated this 26th day of November 2024
62ctertcn 9- v
DIGITALLY f
SIGNED 319.291.4323
Signature of Authorized Official Telephone
CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION
Page 1
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Waterloo
Urban Renewal Area Name: Martin Road Urban Renewal
County: Black Hawk
Urban Renewal Area Number: 07016
(Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
1. FY24 Salaries
1:1'X' this box if a rebate agreement. List administrative details on lines above.
2. FY24 Administrative Expenses
D'X' this box if a rebate agreement. List administrative details on lines above.
3. LMV Rebates - 2022 and 2024
Q 'X' this box if a rebate agreement. List administrative details on lines above.
4. BCS Properties
Q 'X' this box if a rebate agreement. List administrative details on lines above.
5. AS Commercial
Yrs 1-*5 @50%, Yrs 6-9 @ 23%
Q 'X' this box if a rebate agreement. List administrative details on lines above.
If more indebtedness entry lines are needed continue to Form 1.1 Page 2.
Date Approved*:
6/17/2024
Total Amount:
16,961
6/17/2024 3,138
08/24/2022 90,177
3/30/2015 168,874
3/7/2016 232
Total For City TIF Form 1.1 Page 1: 279,382
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION
Page 2
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Waterloo
Urban Renewal Area Name: Martin Road Urban Renewal
County: Black Hawk
Urban Renewal Area Number: 07016
(Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
6. Hawkeye Stages (Prairie Legacy Ventures, LLC)
Q 'X' this box if a rebate agreement. List administrative details on lines above.
7. Deer Creek Development
Q 'X' this box if a rebate agreement. List administrative details on lines above.
8. Demo Costs - 1318 Martin Rd
1:1'X' this box if a rebate agreement. List administrative details on lines above.
9. Grow Cedar Valley
1=1'X' this box if a rebate agreement. List administrative details on lines above.
10. 310 Upland Dr Acquisition
El'X' this box if a rebate agreement. List administrative details on lines above.
If more indebtedness entry lines are needed continue to Form 1.1 Page 3.
Date Approved*:
9/14/2015
Total Amount:
8,700
9/26/2016 1,000,000
10/2/2023 25,000
7/3/2023 11,062
3/4/2024 401,952
Total For City TIF Form 1.1 Page 2: 1,446,714
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION
Page 3
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Waterloo
Urban Renewal Area Name: Martin Road Urban Renewal
County: Black Hawk
Urban Renewal Area Number: 07016
(Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
11. Century Link Easement FY24
12.
13.
14.
15.
1:1'X' this box if a rebate agreement. List administrative details on lines above.
1=1'X' this box if a rebate agreement. List administrative details on lines above.
1:1'X' this box if a rebate agreement. List administrative details on lines above.
1=1'X' this box if a rebate agreement. List administrative details on lines above.
El'X' this box if a rebate agreement. List administrative details on lines above.
If more indebtedness entry lines are needed continue to Form 1.1 Page 4.
Date Approved*:
8/1/2023
Total Amount:
3,000
Total For City TIF Form 1.1 Page 3: 3,000
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION
Page 4
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Waterloo
Urban Renewal Area Name: Martin Road Urban Renewal
County: Black Hawk
Urban Renewal Area Number: 07016
16.
17.
18.
19.
20.
(Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
1:1'X' this box if a rebate agreement. List administrative details on lines above.
1=1'X' this box if a rebate agreement. List administrative details on lines above.
1:1'X' this box if a rebate agreement. List administrative details on lines above.
1=1'X' this box if a rebate agreement. List administrative details on lines above.
1:1'X' this box if a rebate agreement. List administrative details on lines above.
Date Approved*:
Total Amount:
Total For City TIF Form 1.1 Page 4: 0
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
CITY TIF FORM 2
SPECIFIC DOLLAR REQUEST FOR AVAILABLE TIF INCREMENT TAX FOR NEXT FISCAL YEAR
CERTIFICATION TO COUNTY AUDITOR
Due To County Auditor By December 1 Prior To The Fiscal Year
Where Less Than The Legally Available TIF Increment Tax Is Requested
Use One Certification Per Urban Renewal Area
City: Waterloo
Urban Renewal Area Name: Martin Road Urban Renewal
County:
Black Hawk
Urban Renewal Area Number: 07016
(Use five -digit Area Number Assigned by the County Auditor)
I hereby certify to the County Auditor that for the next fiscal year and for the Urban Renewal Area within the City
and County named above, the City requests less than the maximum legally available TIF increment tax as detailed
below.
Provide sufficient detail so that the County Auditor will know how to specifically administer your request. For
example you may have multiple indebtedness certifications in an Urban Renewal Area, and want the maximum
tax for rebate agreement property that the County has segregated into separate taxing districts, but only want
a portion of the available increment tax from the remainder of the taxing districts in the Area.
Specific Instructions To County Auditor For Administering The Request That This
Urban Renewal Area Generate Less Than The Maximum Available TIF Increment Tax:
Dated this 26th day of November
Que r
Amount
Requested:
2024
SIGNED 319.291.4323
Signature of Authorized Official Telephone
CITY TIF FORM 3
TIF INDEBTEDNESS HAS BEEN REDUCED BY REASON OTHER THAN APPLICATION OF
TIF INCREMENT TAX RECEIVED FROM THE COUNTY TREASURER
CERTIFICATION TO COUNTY AUDITOR
Use One Certification Per Urban Renewal Area
City: Waterloo County: Black Hawk
Urban Renewal Area Name: Martin Road Urban Renewal
Urban Renewal Area Number: 07016 (Use five -digit Area Number Assigned by the County Auditor)
I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above, the
City has reduced previously certified indebtedness, by reason other than application of TIF increment tax received
from the County Treasurer, by the total amount as shown below.
Provide sufficient detail so that the County Auditor will know how to specially administer your request. For example,
you could have multiple indebtedness certifications in the Urban Renewal Area, and the County Auditor would need
to know which particular indebtedness certifcation(s) to reduce. If rebate agreements are involved with a reduction,
and the County has segregated the rebate property into separate TIF Increment taxing districts, provide the five -digit
county increment taxing district numbers for reference.
Individual TIF Indebtedness Type/Description/Details:
JAS Investments Tax estimate Adjustment Decrease of $1,186
Loves Travel Stop Tax Estimate Adjustment Decrease of $78,340
Senad Disdarevic Estimate Adjustment Decrease of $7360
M&K Electric Esitmate Adjustment Decrease of $3,678
Cardinal Construction Estimate Adjustments Decrease of $12,837
CRF Rentals Estimate Adjustments Decrease of $1,771
Warren Transport Estimate Adjustments Decrease of $100,700
Fusion Real Estate Estimate Adjustments Decrease of $720,000
Amount
Reduced:
1,186
78,340
7,360
3,678
12,837
1,771
100,700
720,000
Total Reduction In Indebtedness For This Urban Renewal Area: 925,872
Dated this 26th day of November 2024
6 ue z LIA z 9 1 m�irauv
SIGNED 319.291.4323
Signature of Authorized Official Telephone